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An affiliate bank is: a-a locally incorporated bank that is wholly owned by a foreign parent. b-a locally incorporated bank that is majority owned by
Anaffiliate bankis:
a-a locally incorporated bank that is wholly owned by a foreign parent.
b-a locally incorporated bank that is majority owned by a foreign parent.
c-a locally incorporated bank that is partially owned (but not controlled) by a foreign parent.
d-a) and b)
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